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In 1974, East German emigre Alexander Luthor founded a company that specialized in petrochemicals and machinery. Through sheer grit and ferocity, he managed to carve an empire out of the company he named after himself.

In 2000, Luthor died unexpectedly and his only son Alexander Luthor, Jr. became CEO. Boldly changing the company's direction, LexCorp went on to become the second largest emerging corporation in the world as well as the top most charitable business in America.

In 2013, when aliens, lead by the malevolent KryptonianGeneral Zod invaded the planet, they were ultimately defeated by another Kryptonian, Kal-El, who had been secretly living on Earth for many years, and would subsequently come to be known as "Superman" shortly thereafter.

Almost all Kryptonian equipment and weapons were sucked into the Phantom Zone when they were defeated. However, a Black Zero Dropship was left abandoned on a mountain in the Arctic, and LexCorp with their vast technologies have been working with DARPA and the US Military to try and understand the technologies, and possibly reverse-engineer them. General Zod's armor was also left on a LexCorp building site, and was subsequently confiscated and taken into LexCorp care for research and development purposes.

LexCorp then began buying up most of the damaged property in and around Metropolis and refurbishing it, providing local jobless people with new jobs after their places of work was wiped out by the Kryptonian attack, creating profitability for LexCorp in a city that was hit with a financial crisis.